Ron Paul: Real Unemployment Is at 22.8%




Ron Paul

Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders all claimed the numbers meant we are surely on the road to economic recovery, just in time for Christmas, and also, the election. Others saw through this ruse.

The situation on the ground looks nothing like a recovery. 23 million people are still out of work or chronically underemployed. This number is expected to rise dramatically next year. The situation in Washington should not give anyone cause for optimism. Politicians refuse to look honestly and intelligently at the cause of our economic malaise, and so real solutions are not taken seriously or acted upon. It is much easier and less painful to simply recalculate the numbers and redefine the terms until a rosier picture is presented. There is only blind hope that at some point, for some reason, things might change. But nothing will change for the better if we only stay the course.

The truth is the long term solutions to our economic quagmire involve some short term pain. Re-evaluating the economic role of an institution as insidious and behemoth as the Federal Reserve will inconvenience some people, and those people happen to have a lot of power. Similarly, the idea of ending government programs and closing down superfluous departments will always upset someone because it means someone will stop getting a government check.

No one wants to upset the apple cart, even if all the apples are rotten.

Not all of the unemployed are counted in the BLS unemployment numbers. This is no secret. In 1994 government statisticians came up with the term “discouraged worker” to remove entire swaths of people from the unemployment statistic. Now all the government has to do to improve the unemployment numbers is discourage people from looking for a job.

Far more unintended consequences are created in Washington than jobs.

Ideally, the business sector should be able to depend on sound numbers from the BLS, but smart business leaders know that trust in these numbers leads to bad decisions and failure. In regards to the recent jobs numbers, investor Jim Rogers recently stated “I have learned not to take advice from the government, especially the US government, which frequently misleads its citizens.” He also noted the election just around the corner, suggesting timing as an extra incentive to keep fudging the statistics.

The real drivers of the productive economy can’t afford to take risks based on false numbers. This is why economist John Williams created Shadow Government Statistics, utilizing more traditional methodologies and definitions to show business decision makers the real economic picture, warts and all. He shows the real unemployment rate to be a staggering 22.8%.

This is a difficult figure to accept as the actual truth. Perhaps if the politicians did, the people would finally demand real change and real solutions. Perhaps they would consider that all of the so-called stimulus spending, quantitative easing and mountains of regulation from Washington has only crippled the economy. Perhaps people would come to understand that fewer checks handed out from the public sector would mean more checks available in the private sector, and a return to real prosperity instead of just the appearance of it.

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308 Comments:

  1. Amen to that.

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  2. If Johnson runs again next election I'll be voting for him. So he can get that 5%

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  3. hobama is a liar who has failed!
    hobama is colonozing all of africa via africom! hobama is the new hitler/gwb 3.0/nixon! hobama = wall street! PIC = slave labor! that ruthless bankster hobama has always had only 2 real jobs plans: endless fed jobs! & eternal wars! shame on the fooled fleeced doomed sheeple!!!!!!! aliciabanks.xanga.com/76954805­­0/selection-2012--%E2%80%9Cfo­r­ward%E2%80%9D-with-the-fleec­in­g-of-america/

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  4. His party won't accept government funds. ;]

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  5. Americans are too dumb to elect him.

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  6. I agree, but the Establishment doesn't.

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  7. I agree, but the Establishment doesn't.

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  8. im guessing writing in ron paul was a waste...

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  9. i hope gary johnson got his 5%

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  10. i hope gary johnson got his 5%

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  11. LOL. Silly but you make a good point.

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  12. LOL. Silly but you make a good point.

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  13. One of the 'good guys' would be my guess...

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  14. One of the 'good guys' would be my guess...

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  15. Apparently, if a party candidate gets 5% of the popular vote, his party is entitled to government funding. While voting Ron Paul is a good try, voting Gary Johnson will have a long term effect.
    Vote Gary Johnson!

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  16. FYI — The Mormons stripped the richest man in the world, Howard Hughes, not only of his life, but his entire fortune!

    Now another Mormon could do the same to our entire Nation…if it gets elected!

    Vote for Anyone, but Mitt the American Destroyer!
    ——————————————————————–

    I chose to vote for Ron Paul’s Libertarian Party — Gary Johnson this time, who is on all 50 State Ballots. And should Ron Paul run again in 2016, he’s only option will be the Libertarian Ticket!!!!!

    A Vote for the Libertarian Candidate NOW, is a vote for Ron Paul later!

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  17. Barack wants to destroy our Freedoms and our Nation — he is the evil we know!

    But, if Mitt gets into the White House — expect An American Tragedy!

    His 5 Mormon Sons are getting groomed to take over…and create a Dynasty of little Mormon Mitts for decades to come!

    Now, that is truly scary!
    ————————————

    Vote Gary Johnson — do not vote for the lesser of these two evils!

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  18. If you're still looking for a job, you need my FREE book, "GET A GREAT JOB FAST!" Check out the video on my channel and download immediately. This is not a "teaser" report to get you to buy a full report. It's the real deal, the whole enchilada. Get it TODAY and you could have the phone ringing TOMORROW! The economy has changed. If you want a job, you need to change with it! P.S. I'm writing in Dr. Paul on my ballot!!!

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  19. Well it would be great if the welfare state would collectively vote Romney just to prove him wrong (...& maybe some will), but let's face facts, most of these people don't vote according to policies or records. They vote for who they LIKE more. Who looks better. & most importantly who is going to give them more free STUFF!
    Obviously, the best thing a president can do for you is to get govt. out of your way & respect your inalieable rights, but if they knew that THEY WOULDNT BE THE WELFARE STATE!

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  20. Voted early yesterday~ Ron Paul write-in

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